India

Pune Police file FIR against prominent city builder DS Kulkarni

BeyondHeadlines News Desk

PUNE: The Economic Offences Wing (EOW) of Pune City  Police have lodged a case against prominent real estate baron D S Kulkarni alias D.S.K and his wife Hemanti after  a depositor approached the police with a criminal complaint stating that he had failed to recover his investments from D S Kulkarni Developers Ltd (DSKDL). DS Kulkarni is the Founder Chairman and Managing Director of DSK Developers Ltd in Pune with assests and landholding  estimated to be over Rs 9000 crores.

The First Information Report (FIR) against the couple was registered on Saturday. According to the police, they have booked under  under Maharashtra Protection of Interest of Depositors Act (MPID) Act and sections 420 , 406 and 34 of Indian Penal Code (IPC) for cheating and criminal breach of trust and offence has been lodged at Shivajinagar Police Station.

Depositor Arjun Mulekar had approached the economic offences wing (EOW) in September and the directions to lodge an FIR was given by Deputy commissioner of police (DCP) Sudhir Hiremath  to  Inspector Sanjay Kurundkar to probe further  the case. The couple were summoned to the police station but no arrests have been made so far.

A large number of investors comprising of Senior Citizens and retired government servants from Kothrud, Baner, Pashan, Sadashiv Peth had deposited large sums of money in Fixed Deposit (FD) schemes of the company following its success in diverse fields ranging from hospitality, power, education, automobile dealerships. Toyota recently terminated its dealership with the company after it received bad publicity in  the media and criticism on the social media.

Depositors speaking to this portal said that they were surprised at the sluggish manner in which the Pune media was reporting on the economic fraud committed by Kulkarni. The Pune  media is not reporting the issue with zeal and enthusiasm as it reports on other silly issues and issues related to muslims. The media is biased and needs course correction to report truth based on objectivity, they alleged.

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